Address: 1950 Craig Road, Suite 100 St. Louis, MO 63146 | Phone: (314) 336-9111

VA Loan Benefits

If you meet the requirements for receiving a Military or VA Loan, CONGRATULATIONS! Thank you for your service and welcome to the group of people who have earned this benefit.

Your acceptance is good news because VA Loans are a “thank you” to those who serve our country. That thank you comes with gratitude in the form of a lot of perks and benefits. So much so, that a VA Loan is almost always going to be the best option for financing a home. You will find the best use of your money for your primary residence, out of all the possible loans such as FDA, to be a VA loan. Here are just some of the things that make a VA Home Loan so great:

    • There is 100% financing available. This means that there is no need to make a down payment or pay the lender a large amount of money up front. In conventional loans, the down payment size varies, but it’s always easier to make scheduled, manageable mortgage payments than it is to come up with an initial lump sum.
  • There is no insurance requirement. That means that you do not need to make a monthly private mortgage insurance (PMI) payment. This is typically a requirement for conditional loans. The lack of an extra payment is obviously beneficial.
  • Some housing fees can be made payable to the United States Department of Veteran Affairs. More specifically, veterans that were injured in the line of duty get the VA Funding Fee waived. With conventional loans the fees you must pay vary.

On top of the perks of getting a general VA Home Loan, the deal gets even sweeter when you get one with Liberty Lending. The benefits of choosing Liberty include:

We offer fixed rates for 30, 20, or 15 years.
We will wrap up your closing fees into the loan.

The bottom line is that this loan is an excellent deal compared to conventional loans.